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Car sales fall 5.4 percent in September
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An employee walks between parked Hyundai cars ready for shipment at a port in Chennai February 22, 2010.
Credit: Reuters/Babu/Files
NEW DELHI |
NEW DELHI (Reuters) - Car sales in India fell in September for the second consecutive month, an industry body said on Wednesday, as high interest rates, rising fuel costs and slowing economic growth continued to drag down demand.
Automakers sold 157,536 cars in September, down 5.4 percent from a year earlier, according to data released by the Society of Indian Automobile Manufacturers.
Sales of motorcycles fell 18.9 percent to 753,693 vehicles. Truck and bus sales stood at 70,683 vehicles during the month, little changed from a year previously.
(Reporting by Anurag Kotoky)
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